Elon Musk is many things. A billionaire, a visionary, the owner of companies such as Tesla and SpaceX and overall one of the most inspiring and intriguing figures we have in business today. With this appeal comes a never-ending supply of rumors and fake news, from quitting Tesla to join a bitcoin startup, to being called national disgrace and thief. Given the meteoric rise of mainstream...
The bitcoin scaling debate has driven many people in the bitcoin community to assume a cult-like viewpoint, an observation Vinny Lingham makes with despair. In a blog titled, “Satoshi’s Choice,” Lingham observed that the bitcoin community has failed to maintain a level attitude aimed at achieving the greater good for the community. Hence, he doesn’t see a resolution to the current impasse on...
Could the NSA build a quantum computer that could break bitcoin? Bitcoin visionary Andreas Antonopoulos addressed this question in an audiotaped presentation posted on SoundCloud. “It is certain that the NSA has already built quantum computers because Google has one at their data center, and if they have one, the NSA has one that’s ten times better, that costs as much as a moon mission, and can...
Bitcoin is by default and by nature a currency which shows no respect for borders. One of the less popularized advantages of Bitcoin is that, through the power of encryption, immutable transactions are possible, as well as the ability to withhold funds from seizure. In the nations which are currently producing the most refugees, Bitcoin’s digitization is another great aspect of it – people are...
(NYT) Dorian S. Nakamoto, the man Newsweek alleged to have created the Bitcoin protocol, has hired a lawyer and issued a statement regarding his involvement with Bitcoin. First reported by Reuters' Felix Salmon via twitter, Nakamoto's statement released through his lawyer states plainly, I did not create, invent or otherwise work on Bitcoin. I unconditionally deny the Newsweek report. The...
(CCN's original live-updated coverage here) As Newsweek's article regarding the identity of Satoshi Nakamoto surges through the community, many are stunned with disbelief. The man who signed every message with a PGP key, never gave away personal details despite communicating for years, and eluded numerous attempts to find him; could he have been using his real name the whole time? To be fair, his...
There's a meme on r/Bitcoin used to describe excessive Bitcoin optimism; "all news is good news." But despite the title, this isn't an "all good news" story. It's a story about what makes a successful economy. Surprisingly, the key to economic success is failure. I don't mean this in a cheesy, "there are no failures, only learning experiences" motivational poster way. I mean that for an economy...